Member Info for KiJaHu

Sky news reporting admin tomorrow, so much for safe for the remainder of the month :-|

Hmm disagree with a lot of that banburyboy, I only agree that this will be 'safe' (flat or sideways trading?) For the remainder of the month leading up to the AGM, which has been done the day before the suspension to stop dissenting shareholders from stinking up any deals publicly. Its nastily well-played from mccolls, probably the only time they've showed a shred of business acumen. This will rise purely on wild rumour mongering or PI's looking to make money from volatility, which places it anywhere between recent lows of a fraction of a penny or just below 2p. Would love 4p but it won't reach it unless a miracle happens. Good luck mate either way, you're defo one of the rare good ones on here

It moved because people assumed this share was still solvent you mentalist, that's why it moved, they thought there was a leak: there wasn't. Any movements now will be small, frequent and caused by low float/mkt cap manipulation.

No it won't, that's a 300% increase, this moves on positive news from the BoD, nothing more

You've doubled your money in 24hrs, having sat on this for nearly 6 months: sell out Mick, any movements in share price are pumps and dumps.

BB, maybe, I suppose you can't rule out that the 600m deal that Morrisons has with Mccolls is very real and losing that would affect their wholesale ambitions. The share price action says it all to me though, especially with the recent TR1s, it's a bargepole job and Morrisons could quite easily just let it fold and pick up the daily makeover ones, FOC, all the noise about the issa bros, Amazon etc is just ****e. Follow the money, and that's not here anymore, it's long gone.

CD&R are brutal BB, no ****s given, they're going to year Morrisons a new one (already eyeing up the real estate) McColls are finished in its current form

Ursus capital has pulled the plug too now after only getting in a few days ago, bid under a penny, poor RNS on Monday in regards to weak trading and a supplier who is struggling to supply their own sites let alone act as wholesaler for 1300 additional stores, are we looking at the end for Mccoll's as a publicly traded business?

Big shout out to the management who have steered this business at highspeed into a brick wall and made money out of it, ****-blocking your supply chain, robbing private investors and selling your assets for pennies to artificially raise your share price over the years without reducing debt are particular highlights.

I'm still invested in the same way the violinist was on the titanic, who's joining me in watching this turd up-end and finally, undramatically, sink?

800 quid is bearable pain, I've managed to dig a rather nasty near 10k hole for myself at a tasty 3.11 avg, I'm absolutely kicking myself for not de-risking last week, live and learn!

You sell any banburyboy? I know you were still fairly upbeat after the RNS on Monday, I'm deep in the red but I think at this point it's better to stick in it hoping for a last min miracle then selling out at a wipeout loss

BGF looked legit, wonder why it took them so long to sell out, a lot of new rampy posters on here today, do you guys get paid to do it?

Devon, afaik unless someone is willing to correct, Morrison's are an UNSECURED creditor, not the same

The 1bn t/o, 3m mkt cap statement has to stop, its net income is negative, that is completely diff to EBITDA, so have a think about that, if it has 97m of debt it can't service at the minute, in an environment where costs are increasing and the central bank WILL raise interest rates again this year, do you think lenders will be keen on giving mccolls the money? The answer is how convincing is there store conversion program in increasing margin and bringing operational costs down (getting rid of unprofitable sites) and try answer is they SEEM to be doing well on both of those fronts.

This doesn't scream suitor/buyer to me, too small fry, that's a massive amount of debt to service, it's more a spec rath dhu bid imo(what happened to those guys anyway?) Who paid I'm sure more than double what ursus have paid today, so it's not a massive gamble really, not at these levels.

Has anyone ever seen a more mental share than this? Absolute bedlam, what a cluster! I'm hating it but loving it too ha

Ok, but let's make this perfectly clear: the company haven't told anyone, anything absolute or concrete, re-read the RNS, there's only a few words which talks about private investors:

'it is increasingly likely to result in little or no value being attributed to the Group's ordinary shares'

'It is increasingly likely': the odds aren't good but not set in stone
'little or no value being attributed to the group's ordinary shares': this is double-barrelled, little or no, what is little? Less than the current share price or less than the share raise when 30 million was raised? Or no which is zilch.

So to summarize, they don't have a deal done, they don't know if that deal is likely to include the current shareholders, and if it does, what amount of it will be attributed to shareholders amongst the main lenders and commercial partners(i.e Morrisons). So we don't know. You don't know. This is a shot in the dark exactly like it was at near 6p last week.

Tldr, I love scratch cards

Some serious selling today, why didn't people do it yesterday when the news broke? Feels like an institution clearing out, expect an RNS later or tomorrow, painful stuff

If that's true, why wasn't everyone running for the door? Last time I checked this has a near 50% institutional ownership, where are the RNS's? Maybe it's too late for that and they've written them down/off, if the share trade data is even halfway accurate there was more buying than selling today, and some big trades that we haven't seen in months happen. It's still an unknown, it's certainly less likely than ever for this to go to double figures but it's not impossible.

Was the 47k trade a buy or sell? Chunky stuff

Me too, just purely on the basis that what I own is now worth FA, little to no value is an interesting wording because it's currently worth little to no value now, can't get much worse...or can it? really poor showing given the 30p placing last year. Be interesting if anyone who bought then would pursue legally